@Katie Willcox Simple enough to fit on a postcard: What are your plans for your property.

If an expense happens which needs tracking that isn't listed on the Schedule E, it could be captured under 'Other' (like real estate education) when filing..

I have never done a partnership and would like to try to keep things simple.

I have a simple rule if it's an expense I charge it or write a check.

To keep it simple, I would recommend you starting with finding a rock star agent in your market.

Either they are tired landlords or wanting to capture their equity. 

It's unfortunate, but appliances will soon become disposable items like radios and televisions. for any appliance older than 5-7 years, I consider replacement rather than repair unless it's a really simple, inexpensive repair.

A simple way, since you are still doing research, is to look on Zillow (which is where I list all my properties for rent), make note of the properties listed, then look back a week later, and see how many are still listed, then again a week later, etc.  

Non-Qm makes it super simple to scale up!

My questions is simple: Should I cash out, rent out this house and move on to the next project or multifamily, or should I take the money from the sale and move on?